Brushless DC Motor Market Worth $26.3 Billion By 2028 | CAGR: 5.7%
Brushless DC Motor Industry Overview The global brushless DC motor market size is expected to reach USD 26.3 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low-cost maintenance, high efficiency at lower costs, and the rising adoption of Electric Vehicles (EVs) are some of the key factors driving the product demand over the forecast period. Brushless DC Motor Market Segmentation Grand View Research has segmented the global brushless DC motor market based on power output, end-use, and region: Based on the Power Output Insights, the market is segmented into 0 - 750 Watts, 750 Watts to 3 kW, 3 kW - 75 kW, Above 75 kW. The 0-750 watts segment dominated the market with a share of 47.6% in 2020. This high share is attributed to the wide usage of these produ...